TDH: Explanation for differences in the consolidated profit in QI.2012
Thu Duc Housing Development Corporation announced the fluctuation in the consolidated profit and loss in Quarter I/2012 compared to Quarter I/2011:
- Net revenue from sales and services in Quarter I/2012 was VND18.57 billion, decreasing 77.2% from the same period of last year. Gross profit in Quarter I/2012 was VND5.49 billion, decreasing 84.2% because of the following reasons: + Economic difficulties, real estate was quiet, selling of production was slow leading Net revenue from sales and services in Quarter I/2012 decreased strongly. Revenue in Quarter I/2012 was VND18.57 billion, decreasing 77.2% from the same period of last year. + Financial revenue in Quarter I/2012 decreasing VND10.58 billion or (-58.5%) from the same period of last year because THUDUC HOUSE did not pay long term financial and investment as in quarter 1/2011 (11.78 billion dongs). While market interest rate increased leading financial expense went up, interest rate expense rose from 8.37 billion dongs in quarter 1/2011 up 9.04 billion dongs in quarter 1/2012. + Profit in Quarter I/2012 decreased because selling revenue and financial revenue decreased, while interest rate expense increased making profit after tax in quarter 1/2012 was 3.96 billion dongs decreasing 84.2% over quarter 1/2011. THUDUC HOUSE went down expenses in which: general & administrative expenses decreased 43% from 11.33 billion dongs in quarter 1/2011 down 4.9 billion dongs in quarter 1/2012.
- Net revenue from sales and services in Quarter I/2012 was VND18.57 billion, decreasing 77.2% from the same period of last year. Gross profit in Quarter I/2012 was VND5.49 billion, decreasing 84.2% because of the following reasons:
+ Economic difficulties, real estate was quiet, selling of production was slow leading Net revenue from sales and services in Quarter I/2012 decreased strongly. Revenue in Quarter I/2012 was VND18.57 billion, decreasing 77.2% from the same period of last year.
+ Financial revenue in Quarter I/2012 decreasing VND10.58 billion or (-58.5%) from the same period of last year because THUDUC HOUSE did not pay long term financial and investment as in quarter 1/2011 (11.78 billion dongs). While market interest rate increased leading financial expense went up, interest rate expense rose from 8.37 billion dongs in quarter 1/2011 up 9.04 billion dongs in quarter 1/2012.
+ Profit in Quarter I/2012 decreased because selling revenue and financial revenue decreased, while interest rate expense increased making profit after tax in quarter 1/2012 was 3.96 billion dongs decreasing 84.2% over quarter 1/2011. THUDUC HOUSE went down expenses in which: general & administrative expenses decreased 43% from 11.33 billion dongs in quarter 1/2011 down 4.9 billion dongs in quarter 1/2012.
HOSE
> CMG: Explanation for business result in Q1/2012 (28/05/2012)
> DIC: Explanation for business result in QI/2012 (28/05/2012)
> SD9: Results of Annual General Meeting of Shareholders 2012 (28/05/2012)
> S12: Results of Annual General Meeting of Shareholders 2012 (28/05/2012)
> SDC: 2012.Quarter I_ Financial Statement (consolidated) (28/05/2012)
> TNM: Notice of record date for Annual General Meeting of Shareholders (28/05/2012)
> ABI: Notice of record date for Dividend payment and AGM (28/05/2012)
> PVA: Results of General Meeting of Shareholders 2012 (28/05/2012)
> TLG: Resolution of the BOD (25/05/2012)
> NTP: 2012.Quarter I_ Financial Statement (holding company) (25/05/2012)
